Solid News

Adobe Inc., Murray Analysis

11/16/2022 3:09 PM

The shares of the leading American software developer Adobe Inc. have been attempting corrective growth since the beginning of this month as part of a long-term downward trend.

During this time, the quotes have reversed at the level of 281.25 ([1/8]) and are now testing the lower boundary of the central Murray channel of 343.75 ([3/8]), consolidation above which will give the prospect of further growth to the levels 375.00 ([4/8]), 406.25 ([5/8]). The key for the "bears" is the reversal level of 312.50 ([2/8]), supported by the middle line of the Bollinger Bands. If the price consolidates below it, the decline can continue up to the lower mark of the trading range of 250.00 ([0/8]).

Technical indicators do not give a single signal: the upward reversal of the Bollinger Bands and the growth of the MACD histogram in the positive zone point out the continuation of a short-term upward trend, but the Stochastic is preparing to leave the overbought zone and form a sell signal.      

Resistance levels: 343.75, 375.00, 406.25. | Support levels: 312.50, 281.25, 250.00.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Call Us
+35 924 928 392

Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024